UK industrial orders grow at joint-record pace in May – CBI

div classBodysc17zpet90 cdBBJodivpLONDON Reuters – British manufacturers reported the jointstrongest growth in orders this month since records began, while output rose at the fastest rate since July, figures from the Confederation of British Industry showed on Thursday.p

pThe CBIs headline order book index – which measures the extent to which order levels are above or below normal – rose to 26 in May from 14 in April, matching previous records from March and November.pdivdivdiv classBodysc17zpet90 cdBBJodiv

p“Manufacturers have reported output growth and order books improving in May. But cost pressures remain acute and are pushing manufacturers to raise prices,” CBI deputy chief economist Anna Leach said.p

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pp Reporting by David Milliken, editing by Andy Brucep

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